Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Starr’s Greenberg Loses Bid for Jury, Must Face Judge He Criticized
Apr 30 2014 // Former AIG chief Maurice “Hank” Greenberg will have to defend himself against claims of accounting fraud in a non-jury trial conducted by a judge he tried to remove for alleged bias. Justice Charles Ramos of...
Willis to Relocate 3,500 Workers after Profit Misses Estimates
Apr 30 2014 // Willis Group Holdings Plc plans to eliminate jobs and relocate 3,500 employees, or about 16 percent of its workforce, after reporting first-quarter earnings that missed analysts’ estimates. The moves will yield $420...
N.Y.’s Four Seasons Restaurant Sued Over Plan to Move Picasso Painting
Apr 28 2014 // New York’s storied Four Seasons restaurant has for decades harbored one of the city’s more unusual artworks: the largest Pablo Picasso painting in the United States. But a plan to move it has touched off a spat...
Ex-CEO Admits to Stealing Millions from Poverty Charity with Insurance Scam
Apr 25 2014 // The politically connected former CEO of a prominent city charity admitted Wednesday he helped steal more than $9 million from the organization in an insurance scheme that authorities linked to campaign...
New York Hospital Bans E-Cigarettes After Fire
Apr 25 2014 // A New York hospital is reinforcing its ban on electronic cigarettes after a patient on oxygen was burned by a fire that erupted while she was puffing on one of the devices. Syracuse Fire Department officials say the exact...
Port Authority Wrestles with World Trade Center Financing
Apr 24 2014 // The Port Authority of New York and New Jersey’s failure to agree to a loan guarantee for World Trade Center site developer Larry Silverstein shows agency leaders are wrestling over its direction as they seek to fix...
Judge Denies New York Fed Employee Whistleblower Protection Over Firing
Apr 24 2014 // A federal judge on Wednesday dismissed a lawsuit against the Federal Reserve Bank of New York by a former bank examiner who claimed the Fed fired her after she refused to change certain findings about Goldman Sachs Group...
Jones Joins New York Office of Corporate Synergies
Apr 23 2014 // Kenneth Jones has joined insurance broker Corporate Synergies of Mt. Laurel, New Jersey, as a senior vice president and producer. Jones will join the company’s New York office. He has several decades of experience in...
GM Ignition Defects Lawsuit in California Awaits Bankruptcy Ruling
Apr 23 2014 // A lawsuit against General Motors Co. in California over ignition-switch defects linked to 13 deaths was put on hold until a bankruptcy judge in New York rules on whether some compensation claims can be brought without...
Report: Superstorm Sandy’s Fallout Tough on Small Businesses
Apr 23 2014 // When suburban New York delicatessen owner P.J. Whelan heard the findings of a Federal Reserve Bank of New York poll released Monday on Superstorm Sandy’s effect on small businesses, he began nodding in...
Exxon Denied Appeal of Jury Award Over MTBE in New York City Water
Apr 22 2014 // The U.S. Supreme Court rejected Exxon Mobil Corp.’s appeal of a $105 million jury verdict it was ordered to pay for contaminating underground water in New York City with a gasoline additive. The Irving, Texas-based...
NYC Mayor Pledges to Reform Maligned Sandy Rebuilding Program
Apr 21 2014 // New York City Mayor Bill de Blasio unveiled a sweeping report on April 17 that examined New York City’s recovery progress from Superstorm Sandy and promised to reform a much-maligned program that was supposed to...
N.Y. to Start Licensing Title Insurance Agents
Apr 21 2014 // New York’s new budget gives state financial regulators authority to issue licenses to title insurance agents for the first time. Sponsors say the measure is intended to protect consumers and lower costs for New York...
Group Urges N.Y. to Review Auto Insurance Rate Factors
Apr 21 2014 // A consumer advocacy group is urging New York regulators and legislators to undertake a thorough review of rate-making practices by auto insurers in New York. The New York Public Interest Research Group (NYPIRG) said that...
San Francisco Considers Ending Ban Renting Homes
Apr 17 2014 // San Francisco lawmakers are considering making it legal for city residents to rent out their homes on sites such as Airbnb, but only if they have liability insurance and meet other requirements, a newspaper...
Fireman’s Fund Names Senior Product Director for Healthcare Practice in N.Y.
Apr 17 2014 // Fireman’s Fund Insurance Company has appointed Mike Midgley to senior product director for healthcare professional liability. He is located in Fireman’s Fund’s New York office.Mike MidgleyMidgley most...
AssuredPartners Acquires CBS Coverage Group in N.Y.
Apr 17 2014 // AssuredPartners Inc., through its subsidiary Assured SKCG Inc., has recently acquired CBS Coverage Group Inc. in Plainview, N.Y. CBS Coverage Group specializes in commercial insurance, employee benefits and financial...
Updated: Federal Insurance Office Seeks Comments on Auto Insurance Affordability
Apr 17 2014 // The insurance office within the U.S. Treasury is looking into whether minorities and low and moderate income Americans have access to affordable auto insurance. On April 10, the Federal Insurance Office, citing its...
TIG Insurance Sues NHL to Limit Its Defense in Players’ Concussion Lawsuits
Apr 17 2014 // The National Hockey League was sued by an insurer seeking to limit its duty to defend the league in lawsuits alleging it concealed the long-term effects of concussions and failed to warn players of the risks. TIG Insurance...
GM Creates New Product Safety Team
Apr 17 2014 // General Motors Co. Chief Executive Officer Mary Barra, under fire for the company’s slow response to flawed ignition switches linked to 13 deaths, said she is creating a team that will make the company’s cars...
